Coinglass Data Reveals $21.81M Hourly Crypto Liquidations with Ethereum Leading

BlockBeats reports that on August 15, Ethereum and Bitcoin liquidations reached $121M in a four-hour window, with long positions dominating and over 221,187 traders liquidated in 24 hours.

BTC
ETH
USDT

Summary

According to BlockBeats citing Coinglass, on August 15 Ethereum liquidations reached approximately $56.98M and Bitcoin liquidations about $19.67M in a four-hour period, totaling around $121M globally. Long positions accounted for roughly $107M, while short positions contributed about $13.8M. The largest single liquidation occurred on OKX for an ETH-USDT-SWAP trade valued at approximately $6.25M, and over the past 24 hours, 221,187 traders were liquidated with losses totaling $1.055B.

Terms & Concepts
  • Liquidation: The process of closing a trader's position by an exchange when margin requirements are not met.
  • Coinglass Data: Information provided by Coinglass on cryptocurrency market liquidations and trends.
  • ETH-USDT-SWAP: A derivative trading contract involving Ethereum and Tether, allowing traders to speculate on ETH price movements.